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20121120
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. >> it is a total disaster to create chaos. >> drive the economy off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they ink let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simplify the tax code. john: th
the economy off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they think let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simplify the tax code. john: that means eliminating deductions. i cannot see
? john: and more debt with the 5 trillion, we have a chart comparing greece with the riots and the united states is 12 years behind. >> but we are on the fast track. last night people were jubilant and excited but irresponsible to the point* of being dangerous. caretaking on the debt to be grasped their own future. the celebration was very e shortsighted people thnk free stuff is great but it is not free. john: i get to go to schoo three. >> obama has deported more than bush and climate change >> climate changes never addressed. the president never talked about climate change on that stage. clearly it is not an issue so why do people think that matters? >> immigration is an opportunity for progress because hopefully the republicans have got a message was social issues is not working for them. maybe they're ready to talk. john: as big government and as i call government supported government capitalism might call crapitalism. [laughter] they were happy he would give them stuff. [laughter] >> with 3.6 trillion dollar federal government the money go somewhere and will benefit some businesses
dnel, victoria, john and morgan. good to have you all here. steve, unions putting their self interest ahead of shoppers and our economy? >> absolutely. they're still angry they haven't organized wal-ma yet. they're responding to competition and the needs of customers. that's what you're supposed to do in a free market. no one forces people to work at wal-mart. unions don't like the fact they haven't organized wal-mart. >> rick, these folks are getting paid overtime for working on thursday, rig? >> yeah. let's keep in mind what this is about. it's really a one had day convenient. it's probably fair tore characterize it as a row test, a little bit more than atrike. not about wages or benefits. about work conditions, mostly in inland califnia area where they've had big problems with people working in way overheated warehouses, equipment that's not safe. is is what this is about. they've got a problem there. >> what the unions are doing, and again, wal-mart is not unionized, but the unions want the workers to walk out, they're focusing on this extra work that they have to do thanksgiving pay,
. it is the heart of the american economy. we are going to ask john o'connor, kevin maloney and 7-eleven store owner patricia orzano in. liz: the guy on your screen is talking about deals. coming up come an exclusive look at it exclusive company called intralinks. where those deals are being made, and will make some pop. david: we will show you what drove the markets today with today's data download. stocks rallying as investors looking for signs of a compromise. the dow jones ending up triple digits near session highs. all 30 dow components closing in the green. today we be's balance push things out of correction territory. materials and technology were the top performers. the s&p sectors, the utilities did lag. it's .5 years in november, national association of homebuilders index posing as increase. existing home sales jumping 2.1% in october to a seasonally adjusted rate. 1.9 million. liz: jim haugland and john brady. they are going to talk about the average for the month. we can't get too hyped up about this. what can we get excited about? when you see that told you that this looks good and sign
, not bad at all. let's take a quick look at the dow jones industrial, john chambers coming up in the next couple of minutes. lockup expiration date for facebook. nicole petallides, a bit of behavior the stock is having today. nicole: it is true, it gives the opportunity for insiders to sell if they were in on the ipo or the original shares they have the opportunity to get out. it turns out they're not really getting out. on the contrary, double-digit gains, a great day for facebook, the same day the chief financial officer of the zynga is going over to facebook. that is a winner when you talk about names like farmville and draw something. both are doing extremely well. particularly on a day the dow was down at least 160 points. back to you. liz: am i going to get blamed for this? we will see what we can do in the next about 43 minutes. facing a slowdown at home, china is busy staffing of companies in the united states on track to set a new record, gigantic whale of an asset. so how can investors play the downturn in china? managing director wrote this report, it is interesting because it
. >> they are twisting our venture capitalist, turning people like john doerr into a blithering idiot. john seeking government subsidies. he now wants us to supportim rather than him to support the country with wonderfulew companies like intel. lou: john isng adaptive to new realities. the primary source of the pital, he is turning to it, i suppose. i want to turn to this book, "the israel test." you take up e issue of the world civilization, importance israel within it. as a capitalist as well as jewish state. you reallyelve that israel is that strong, that important in the world's future? >> i certainly do. the american economy is heavily dependent on israetoday, partly because of the debauchery of silicon valley, but now israel is a crucial sourcef new technology for apple. all apples, flash tribes, just bought a new israeli company to empower its new technologies. microsoft, cisco, johnson and johnson. the dependent on technologies that come from israel. they're deeply dependent. obama seems to think that the the tips is more important in israel or turkey is more important. israel is the most i
their employees with health care. >> john, i will say this to you, this is not speculation. these are facts, the heads of these companies are actually making these moves and cutting down and then you've got perfect example of the guy that owns the 40 restaurants in florida, all the denny's, he says i'm going to cut back and add 5% to the bills of my customers to keep thosinsure that had i already have on the books. this is real. yeah. this is not wild speculation. this guy at denny's say it cost him an extra $5,000 per employee per year and says if i have to cover all of my employees, that's about $175,000 per restaurant. he said a lot of my restaurants don't make $175,000. so here is a guy whoiterally cannot afford obamacare and what he's saying is i'm going to have to cut guys back to 28 hours, those at the front. some have to get a secondob because they can't afford to live just on 28 hours a week of pay. this is real life situations in these companies and the problem we have is just like tracy said, we had no health care reform. all we had was inrance reform, sticking more people into a
don't have a press conference. john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say what can we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that didn't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have put together a bipartisan group, all they're doing is put on defensive by the self-interest groups they are meeting with. does not make much sense. neil: they made it very clear, nothing from us. and he owes them, right? >> they got him reelected. neil: time is urgent, time to say time is wasting. >> who didn't have to completely ignore the political thank you, but if you sttrted off and have a couple of meetings with the leaders of the democrats in the house and the republicans in the house and in the senate, and do it on a bipartisan basis. the only way it will
. >> thank you senor. >> thank you. neil: do you remember pap pa john ceo who went out on a limb, and said that health care thing is a joke, it is going to cost jobs, he got in a lot of trouble, a lot of political heat, i want you to meet the guy who is leading the grassroots effort to hit back. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. neil: in case you think that papa john's is politically incorrect, because the ceo lashed out at president witho the healthcare damage, because he thought it was damaging, think again, there is a backlash on the backlash that company is experiencing for going out on a limb. justin charter leading that effort. what is this about? >> basically, it is about, more than you know 14-cents of pizza, about standing up for a business owner that was bold enough to shell testers, and -- to tell investors and american people that obamacare will hurt profits, he was
. rich: they are not offering very many specifics this early on. we do have a ways to go. john boehner did offer framework. the framework would have tax and entitlement targets, revenue targets, spending targets, that this year in the next couple months. congress would work out the details in 2013. both leaders from both parties and both houses say it is time to get to work. >> we will continue to have revenue on the table. we are serious. we are serious about cutting spending and solving our fiscal problems. >> we will do it now. we feel very comfortable with each other. this is not something we will wait until the last day of december to get it done. rich: they met for a little longer than an hour here at the white house. much of the talk was positive. there really is not anything close to specifics right now coming from anyone in all of this. here he read and nancy pelosi really did not mention entitlement at all. rich o'connell highlighted the fact that his conference in the senate believes that this country does not have a taxing problem, it has a spending problem. there are still
is in a circle. three separate intelligence sources say the president's top counter-terrorism adviser, john brennan, was told about the affair in the summer of 2011. the white house denies this. lou: thank you. jennifer griffin, fox is national security correspondent. david patraeus will not a fear of for congress to answer congressional cuts -- questions about benghazi. lawmakers still want to hear from him at some point. they also want to know why they were not briefed by the fbi before news of the affair broke friday. fox news chief intelligence correspondent katharine heritage has the latest on that ankle. >> although the investigation began as early as june, the chair and ranking members of the house and senate intelligence committees were not notified that the cia director and is alleged lover have fallen within the scope of an fbi investigation. >> received no advance notice. it was like a lightning bolt. >> with a half-dozen hearings scheduled this week on benghazi, acting cia director mike morale is expected to take general patraeus is placed. lawmakers say their options are open a
troops, tea partiers included. many, made him the speaker. >> well, let me say i love john boehner like a brother, i don't envy him the position he is in. but i am also reminded of what ronald reagan taught us years ago, good polic makes good politics, john boehner needs to emphasis economic growth, is the way to get increed revenue. and there is two ways to -- two imperatives, dress down reduce, and discipline our government run among so there is confidence to grow in private sector then a tax system that accommodates that growth. you will dress a tax system of this country, from theoint of view of what is fair, have you taken the most simple minded way to address taxes. taxes are about raising the necessary revenue to fund the minimum, i i effective governmet that does interfere with growth of private sector, to to so in such a way as to encourage the maximum growth of the private sector is where you get maximum revenue. neil: we're at this cliff, possibility, republicans are under pressure, president said, i'm not budging, -- he left open some details, but he certainly want toss rais
provisions giving you 1.6. the starting point for the administration. john boehner about a year and a half ago stopped about 800 alien dollars worth of revenue through tax reform. republicans won't give a number now but they want tax reform and an overhau overhauled the entirm to generate new revenue. there was talk about this yesterday with treasury secretary commissioner who said to that idea pretty much forgot about it. >> there is a lot of magical thinking about how much money can raise from tax adventures. people will look at that question and concluded i think incorrectly that there is a huge amount of resources. i think that is untrue. >> a dozen of ceos meet with the president and a couple of hours from now after the president's news conference at 1:30. a number of these executives have been to the white house before. members of the export council, jobs council, ceo of of ge, tao, ford, also say what the white house on the different councils in some form or another. cheryl: we will be taken the tae news conference from the president lives and the ceo will have something to chew on
california. i was dazzled by this you're unempressed. >>> papa john is getting sued $250 million for sending to too many text messages. they were sending 16 messages in a row after someone placed a order. the problem is, evidently papa john never got permission from the customers on the send the text. it is blaming mass text message service for the problem. >> people deserve it for ordering papa john's in the first place. i'm from new york. we have real pizza. papa john's, tastes like cardboard. you deserve it for not knowing good pizza, people. melissa: that is harsh. >> win recipient complains they got 15 texts in middle of the night. i get that from some woman who is upset with me. >> crazy people texting you in the night? >> evenly people making money will be trial lawyers. there is no $250 million in damage going on here. forget it. >> i don't know. have you ever been harassed by sales calls on your phone? it is really irritating. i think these guys deserve $250 million. >> you incur costs. >> you know, the cell phone is the last main safe harbor from junk mail, junk calls. it is disapp
? joining us is the "wall street journal" chief economics correspondent john hilsenrath. >> david, thanks for having me. >> joan, i have in my hand the letter, so-called patriotic millionaires handed to the president. they're focusing incomes above a million. not just incomes, that first million would be exempt from tax hikes according to them. is there any chance that the president will go for that? that is much more income before taxation than what the president wants? >> you know that is some people, some people, that is an idea that some people in his own party proposed before the election. but, he seems to be digging his heels in on the levels that he has been talking about, 250,000 for households and 200 for individuals. maybe in a compromise there is so many moving parts it is hard to predict which way it will go at this point. >> these are people that are pro-obama. for them to say, look we support your idea. the rich should be paying more but you should start at a million, that might be more persuasive to him than what some republicans are saying. >> it might be more persuasive.
tomorrow. cheryl: let me go over to the nymex. you know, john, obviously the story has been oil, but also we got this report out that, you know, really the united states is going to be the number one oil producer, in the next several years because of the technology of fracking. is that do you think a bullish tone for the markets? >> well, i think you want to look at, you know, both oil exporting countries and oil importing countries. if you look at the u.s., in the past always been a concern to equity risks in general. if you want to understand what the oil market has been this year and energy market in general, two key relationships. the first is between wti and brent. we have seen that thread work out to all-time highs. i believe right now december on december, is about $23. meaning the price of brent is $23 higher than price of wti. that can be explained by what came out of the report today. there's a shift taking place. obviously supply in the united states is at highs. and cheap oil in general is a very bullish thing for commodities. where cheap oil begins to become a problem like in
, neil. david petraeus investigation has now included e-mails from general john allen. the man who took over for david petraeus back in july 2011. allen is said to have engaged in inappropriate communication with the very tampa woman who received threatening e-mails from petraeus' former lover that triggered the fbi investigation. you cannot make it up, can you? john bolton joins us now from houston. what are they doing? i want to ask the obvious. >> that is beyond me. i really cannot understand what is happening. it is interesting that a number of generals are getting thrown under the bus. it is not like it is something serious like community organizers. dagen: in terms of, what is the most critical thing out of this scandal? the fact that the focus is now off of benghazi? we can go through the timeline of who knew what and when in the administration and various forms of government, but is it the fact that our focus has completely shifted away from what happened in libya? >> well, yes, but i think the two are related. the most important fact here that has been resorted to by "wall stre
. get together, three to one. john is 42. mortgage. married. two great kids. he wants to protect his faly with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rateinsurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of ousands of people since 1985. how about you? just call this number or visit selectquote dot com. gerri: states across the country are scrambling to set up health insurance exchanges. just one of the many mandates in obamacare. the extended today's deadline for states comply with the law for another month. twenty states have already said they will not create their own exchanges. rather, they will leave believe it to th
and much more complicated. general john allen, who was in line to become top commander in afghanistan, allegedly had his own improper communications with a woman named gel kejill kelly. why would that be, nicole? >> hi, we're looking at facebook at all of my tourists pass through. and looking at facebook, you remember the ipo in may. a $38 stock and barely holding the $20 line now, and it's to the down side this morning. and now when we're looking into the company, it turns out the shares are so heavily diluted. massively diluted because of the insiders compensation, to common shareholders, and obviously, that's everybody, but employees and executives, and when those expire and they're selling also calls the company and according to the wall street journal take facebook mid 2013 to at least earn enough operating income just to offset the annual stock compensation costs. now what that means, not good news. >> the not good news. down 20 bucks again. thank you. time is money, 30 seconds, what else we're watching for you today. the u.s. is sitting on enough natural gas to become a world e
is what papa johns pizza says about making workers part-time according to the naples news,.com. that's probably what's going to happen. it's common sense, that's what i call lose-lose. and says the health care law will cost papa johns 5 to 8 million a year and david, you know, again all of these laws, all of these trends, it seems like it's forcing us to become a less entrepreneurial country, a country where it's easier not to work than to work, and it's not what we're accustomed to. >> no, it's not. and you're right about the cultural shift and people are now willing to accept the norm that i'm he getting it free. but the fact is nothing is free. there's no free lunch. when it comes to what papa johns is doing, that's part-time is the new full-time. he's got to find a way like many other companies, applebees and others to keep people under the limit so the company survivors and those are starter jobs, college second jobs, jobs that get people through college, maybe a second worker in the household. charles: i say, i watch these-- listen we had the guy on from modell's, mitch modell
this is a past thing? traders at the stock exchange, cme group and nynex, john cortines, screaming buy or dipping your toe in or standing by? >> you got a special co-host on monday, myself, i am looking forward to that. , and i'm looking forward to the experience. the market does not have enough strength. and other trading days this session. the market runs out of steam. it is not so far today. investors look at this, they see red and the market down. this adds to the negative sentiment. a short week, holiday week. and away from trading, that will lead to the volatility, looking forward to december. liz: we are hearing another session or two or move downward, that is what we are talking about, some stabilization we won't see the world in but what are traders in chicago saying? >> one positive notes u.s. dollars gaining on a day-to-day basis, doesn't gain a lot, and the cause to that, the japanese yen is starting to lose ground. in the 81 level, most traders looking for 83 or 84. just before holiday next week. that area as we hit europe, it arrives in the streets there, but the second recession so
with president obama on the fiscal cliff. house speaker john maynard arrived moments ago. headlines or leaks from the meeting will probably move the market. more than eight million people are currently collecting social security disability benefits, 1.3 million of them qualified because they have mood disorders, 1.three million. joining us is -- you shared some of your secrets for catching people who are faking back injuries. how would you catch people who may be faking mood disorders? >> i catch them at their weakest point. what i try to do is a subject that is alleging something, a mental disorder, and have a conversation and a lot of times they like to talk about, they find julie. stuart: it is the private side, somebody claims a disability from insurance company, you figure out whether they are legitimate or not. we are talking about social security, disability, a government function and this is mood disorders. if you want to track down fakers you do the same thing, literally talked to them. but put your arm around them. you are not really depressed. ? >> i may take my dog for a walk in my ne
of the montization of the mobile positivity might help this company. john is coming back with some of his favorite sector plays, and again, his clients, the big money, faster money guys and what they are doing with their money right now. closing bell ringing in 50 minutes. right now, what a time to be a gamer. brand new versions of hot games to play on the highly-anticipated nintendo wii-u which is sold out. $300 product, it just flew off the shelves by the hundreds of thousands. same with call of duty, black ops 2, released last week. how much is gamestop profiting? gamestop the one retailer that's able to sell this stuff in big force. i will ask the man in charge in a fox business exclusive. he's only talking to fox business. he's the ceo. he will join me live. can i help you? i heard you guys can ship ground for less than the ups ste. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer break from the holiday stress. save on ground shipping at fedex office. liz: so i'm just looking at a
with pulitzer prize-winning journalist your e miller, former ambassador to the united nations, john bolton , middle east affairs analyst -- doctor wally to paris . the president also withheld judgment about the federal investigation that cost patraeus his job but tonight national security was compromised. >> i have no evidence at this point from what i have seen that classified information was disclosed that in any way would have had an impact on our national security. lou: concerning questions on whether the petraeus story should have come up before the presidential election, president obama said the fbi has its own protocols on how they proceed. for more on all of this, the "a-team". let me start with you. the idea that susan rice somehow comes across in the president's statements today as being a puppet without a mind of her own or any indivial responsibility as an envoy of the presidentor representatives of the u.s. government. >> this is a woman who clearly would like to replace secretary of state hillary clinton in that job. no shrinking. she was perfectly able to defend herself. i'm
that is our show. i am john stossel. good night. >> that evening, everybody. who is responsible for the obaml administration's falsened administration's false statements about what happened and then cossey and why.e all statements that were made by the white house and ambassador susan rice period. catherine herridge learned today that neither the director of national intelligence, nor the acting cia director, was responsible forrepairing preparing a report that partially blamed the benghazi attack on amateurish youtube anti-islam video. they claim the president obama pressed upon the american people and upon the united nations general assembly. he was push hard to explain what caused them to push the youtube video three days after that attack. the chief said simply he was not at the betray -- petraeus briefing and had nothing to say. there was demonstrable and incurable evidence of their involvement and no evidence of anytng other than a terrorist attack. and the administration continued to press its false tale, despite fox news reporting and they reported within 24 hours, u.s.
and what is at stake? bringing in our all-star panel. former campaign adviser to john mccain and doug shown also a fox news contributor. >> there might be a last-minute deal to sort of kick the can down the road and do framework for cutting spending and entitlements and tax reform. what i saw last week from the president and the congressional leadership doesn't give me optimism. gerri: i wanted to hear the president what the president had to say where he is traveling today. >> as president i cannot impose my will on congress. the congress of the united states, even though sometimes i wish i could. gerri: that's like i can't impose my will, but i wish i could. >> he has done so before. let's remember obamacare. in control of the white house and the senate. i think john boehner has been the biggest in this, putting revenue on the table. i do agree with doug and i think that we will get some last-minute deal where we will kick the can down the road. if we go to the fiscal cliff, my party will shoulder the blame. trust me, my party is losing the message game and that is why we are having a barg
what you want to do. connell: even when you listen to john boehner and others coming out, we are making progress. making progress means revenue is on the table. entitlement cuts, presumably, are on the table. >> it depends on what we mean by increased revenue. they have two courts declare principles that place here. number one, do not raise taxes. number two, cut spending. to you. out of revenue either by lowering rates or closing those loopholes? dagen: someone will behave more regardless. >> here is the problem for the republicans. they have lost control of this narrative. it is hard for them to break through. what they really need to be talking about is the spending side of this equation. look, the united states of america does not have a revenue problem. there is plenty of revenue even in this depressed economic state. the problem is spending. you never starve the beast. connell: how do you switch it back? >> this is up to john boehner. it is up to the house republicans. the tea party caucus which is talking about the tax reform and really cutting spending, they are the only people
heard from speaker john boehner and mitch mcconnell on their position because they will all be here at the white house on friday to get these talks kick started. melissa: thank you so much. lori: estevez houston with a news conference, president obama will be sitting down with a ceos to talk about solutions to avoid the fiscal cliff. rich edson in washington as well the latest developments. >> good afternoon. wrapping in the 2:00 hour, leaves the east room, here to the west wing where he will meet with about a dozen ceos, half of whom are part of the export counselor, jobs council, or they are very familiar with the white house, in particular this white house. the discussion is of the opening offer on taxes, $1.6 trillion in tax increases, most of that tax increases on rate and deductions for those earning more than $250,000 per year. republicans wanted an overhaul of the entire tax system and create revenue through an overhaul of the tax code mostly by getting rid of deductions. saying no to higher rates. that is the risk the treasury secretary shot down. >> there's a lot of magica
that is our show. i am john stossel. good night. for all the products.t. for all the >> life changer. >> join us on the after the show show, we're going to be cooking up more stuff. ♪ you're a mean one, mr. grinch ♪ ♪ you really are a heel >> and more like, you're mean one fiscal cliff? uncertainty over a deal or no deal, hitting retail sales and more stores hurting for shoppers, opening their doors on thanksgiving day, trying to attract more consumers looking for deals. so will the fiscal cliff be the grinch that steals holiday sales and any hope for recovery? hi, everyone, i'm brenda buttner, this is bulls and bears. and the gar b smith, tobin smith. jonas max ferris, welcome to to everybody. gary k, the fiscal cliff is the grinch? >> unfortunately, it is, it's the most important time of the year, and the profits are mad and the problem is simple. uncertainty, uncertainty, uncertainty. nobody knows where they are and nobody knows how much money thr they're going to have to spend and the outcome is worse. higher taxes and less money in the economy and less money to bu
pyramid. >> remember that, remember that john belushi skit, little hocolate donuts. anyway, listen, i don't like people who-- i don't want people to lose their jobs and take, and who have lost jobs to take this the wrong way, it's a cautionary tale, you push too hard onhe companies, you end up like the automakers, unless you get bailed out. twinkies is not going to get bailed out. and it's a private sector union. >> i agree, charlie mentioned the auto workers, there were times when unions did amazing things, made the work place better and they got wages. got to push too hard. >> and now, they put their interests ahead of customers and shareholders. >> and themselves. >> and the teamsters, even the teamsters upset that the smaller bakers union would not try to-- by the way, hey, since they're grinches, and they're-- >> oh, taking-- >> they also make yodels, bucko, great, great and baked by hostess, so-- >> and this is in horrible shape, and did you smash these. >> the last two in the vending machine. you know who sold them to me, andrew white, the guy in the video. >> pay $75 for these. >>
. melissa: mf global and its not so former ceo john corzine fall. we will have a first on fox business interview about that. time for stocks now as we do every 15 minutes. nicole petallides is standing by. the dow hovering within an 80-point range today. nicole: when you think about what is going on with this market, you have seen selling since the election basically. we are down six of the last eight weeks. majority of the dow opponents have come under pressure. the vix, the fear index, to the upside. i cannot tell you how many people were asking me about today's jobs numbers. obviously, we have had hurricane sandy to contend with. we have our bed numbers then and they were also disappointing. we are still remaining under pressure. lori: the fiscal cliff front and center this week. rich edson is in washington with the latest. rich: since the election, they have been staking out their opening fiscal cliff positions. for the president and democrats, increase taxes on those earning more than $250,000 a year. opposing republicans who want no increases. >> it is politically unsustainable a
much foraving me. melissa: it is a story that keeps getting weirder by the hour. john mcafee, pioneer behind the mcafee anti-virus software, is embroiled in a murder scandal in central amera. it could involve the region's biggest drug kingpins? we have all the details next. at the e of the day it is all about money and electric cars. ♪ aah! learning how to kick flip 6 stairs takes determination. so will getting into college. i've got what it takes. so do you. melissa: ono -- time to get serious. not too long ago john mcafee was leading the largest software services company, mcafee and associates. in the few years between the time he sold his share in the company to today, mcafee went to sigher security pioneer to being involved with drugs and gangs. he is involved in murder. this is all bizarre. this is all in the small town of san pedro, belize. how does something like this happen? defense attorney joey jackson joins me. we were talking about it during the comercial. this is crazy story and everybody is watching this. this guy -- >> in a pickle. melissa: what do we know so far? >>
weirder by the hour. john mcafee, pioneer behind the mcafee anti-virus software, is embroiled in a murder scandal in central america. it could involve the region's biggest drug kingpins? we have all the details next. at the end of the day it is all about money and electric cars. ♪ sometimes investing oppounities are hard tspot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. melissa: on to -- time to get serious. not too long ago john mcafee was leading the largest software services company, mcafee and associates. in the few years between the time he sold his share in the company to today, mcafee went to sigher security pioneer to being involved with drugs and gangs. he is involved in murder. this is al
the reporting that we had today that i was reporting that, you know, that john lou is sort of been singled as the guy -- cheryl: jack. >> jack lou, i'm sorry. erskine bowles is not going to get it. and although i think it was lott who said that the president's smart enough, he will appoint erskine bowles because it will be a show of compromise with the republicans. i think the market would go up. it would be good for the markets. you know, by the way, when we say good for the markets, we are not saying wall street is going to make a lot of money. everybody that's watching this show is in the market. i don't care if you are a construction worker. you have a money in a 401(k). you have money in a pension plan that's in the markets. the markets are the public right now. when we talk about the markets going up, that's a good thing for everybody. cheryl: remember, they are probably in your 401(k). >> right, they are probably in your 401(k) or you have a checking account. just remember, when we talk about markets, not an esoteric thing. probably will have more on this later. those are the highli
senator from north dakota, john hoeven. senator, thank you so much for joining us. give us your take on today's meeting. what happened? >> good to be with you, melissa. i think you said it just right, cautious optimism. i think we laid out the construct that could lead to a big deal and we need to do it. melissa: what is that construct? what do you think the final deal looks like? >> pro-growth tax reform, entitlement reform and better spending control and a deal that is in that four to 6 trillion dollar range. melissa: what is pro-growth tax reform? to me that, from a republican sounds like the closing of loopholes and not raising of marginal rates? >> well it is closing loopholes. it is limiting deductns and then getting revenue from growth. and that's really the only way you will get revenue because you have to have the economy grow. if you start raising those rates you will have just the other effect. you will have a shrinking economy. you will not get more revenue. so we are putting revenue on the table the right way. that is what i mean by pro-growth tax reform. melissa: sounds
are stopping by. all leading up to the meeting on friday. john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us. i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that ca
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